Earnings Results: Stitch Fix stock sinks toward all-time low as revenue and users fall, layoffs confirmed
Stitch Fix Inc. on Thursday reported a decrease in sales and users, and confirmed a media report that it is laying off 15% of its...
: Why ‘explosive growth’ in U.S. consumer debt might be coming back to bite, according to one researcher
Dealers are slashing positions in the roughly $1.6 trillion U.S. consumer debt market after a borrowing surge, according to Joseph Kalish, chief global macro strategist...
Top Disney TV exec departs abruptly
Walt Disney Co. on Thursday said Dana Walden has been tapped as chairman of Disney General Entertainment Content, where she will succeed Peter Rice, one...
Ericsson now also being investigated by the SEC for its conduct in Iraq
The U.S. listed-shares of Ericsson slid 0.9% in afternoon trading Thursday, after the Sweden-based telecommunications equipment company said the regulatory investigation into its conduct in...
Gold prices end lower on Thursday, but hold only slight weekly gain
Gold futures slipped on Thursday to end lower, after the European Central Bank outlined plans to raise interest rates in the region for the first...
Credit Suisse stock drops after WSJ report State Street denies speculation of acquisition interest
The U.S.-listed shares of Credit Suisse Group AG shed 4.0% in afternoon trading Thursday, after The Wall Street Journal reported that State Street Corp. said...
Oatly adds electric trucks to its U.S. fleet
Oatly Group AB said Thursday that it has added five heavy-duty electric trucks to its fleet in the U.S. The plant-based dairy company has had...
Cruise line stocks suffer sharp losses, again
Shares of cruise operators suffered sharp declines for a second-straight session, amid signs of declining pricing and what that might mean for demand. Carnival Corp.'s...
Stitch Fix shares sink after media report says it’s laying off 15% of salaried workers
Stitch Fix Inc. shares sank 8.8% in Thursday afternoon trading after a CNBC report said the personalized shopping service is laying off 15% of its...